Shenzhen Port Hot Money Surges: A Small Store Can Exchange Foreign Currency 4 Million Yuan A Day.

With the recent acceleration of RMB appreciation, Shenzhen Luohu port Hot money surge 。

The central parity of RMB against the US dollar has recently risen 6.39, a record high. A small shopkeepers at Luohu port told reporters, "recently, there has been a lot of change. depreciation If the amount is large, it will drop a lot in a day. If you don't need to use the Hong Kong dollar, it will be better to change later than later.

Li Youhuan, director of the comprehensive development research center of the Guangdong Academy of Social Sciences and an expert on hot money research, said in an interview with reporters that "the appreciation of the renminbi and the instability of the external environment will definitely cause the pressure of accelerating the influx of hot money."

　 "More renminbi has been exchanged recently."

Shenzhen Luohu port is the most convenient port for mainland to Hongkong, where there are many foreign exchange points. A foreign exchange point related staff told reporters, "recently came to exchange for more RMB, but we are relatively small amount here, the large amount of money went to the small shop next to it."

It is understood that according to the relevant provisions of the safe, such substitute points need to be approved by the safe, authorized by the bank, but can only be exchanged for cash, and can not be transferred to the remittance. At the same time, the exchange amount per person can not exceed $5000 per day. And some small shops, also known as underground banks.

In August 24th, when reporters passed the first floor hall of the joint inspection of Luohu port, they were called by a small shop owner and asked enthusiastically whether they needed to change money.

"One million or two million people have no problems. When a reporter asked whether he could change two million Hong Kong dollars, the shopkeeper said, "what currency can be changed, and the US dollar can be changed."

"Transfer is also OK, you transfer money to our Hongkong account, I will transfer RMB to your account, and it will be safe in less than half an hour. If you don't feel relieved, you can wait here and wait until the money arrives." The shopkeeper tried to dispel the doubts of reporters' safety. "A lot of people have gone like this. I have just been called to remit money."

The shopkeeper said, "you can come over at the beginning. You don't have to come over after a long time. You can call directly to tell us that we need to transfer the money." {page_break}

Another shopkeeper said that walking 3 million ~400 a day is no problem. They can digest this amount.

"In terms of price, if you are large, you will get higher, but now the price is changing every day. It may not be the same in the morning and afternoon, but it will be better than you can do in the bank."

Similar to such a small shop Luohu port can be seen everywhere, reporters randomly asked more than 10 such small shops, have indicated that they can engage in the exchange business in this area.

Such convertibility does not require you to produce your ID card or other documents, nor do you have any limitation.

　　 Safe sniper hot money

Li Youhuan said that the amount and speed of hot money inflow in the future is expected to be considerable.

He said a lot. hot money Inflow will inevitably lead to finance. market chaotic Financial policy failure, asset price rise, market bubble increase, financial and economic risk amplification, social instability.

Regulation of hot money has always been the focus of the safe.

A few days ago, the safe announced on its website that in the first half of 2011, the safe and the public security organs worked closely together, and launched a series of special actions to combat cross-border capital violations in Guangdong, Fujian and Shenzhen provinces. 10 cases of underground banking and Internet speculation were cracked, involving a total amount of more than 10 billion yuan.

The safe said it would be "in line with" Dredging and blocking simultaneously "The principle of public security and other relevant departments will continue to maintain a high pressure strike against illegal activities such as underground banks, etc., and strengthen the inspection of the source and direction of the upstream and downstream banks of underground banks, so as to curb the survival space of illegal activities such as underground banks and other illegal activities from the source.